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Friday, July 2, 2010

Housing takes anticipated slide as incentives end

It is no surprise that housing starts and sales that were pumped-up with incentives until the end of April lost a little of their luster in May. A story in today’s NY Times offered details.

Implications: Absent a renewed incentive plan—or in addition to one—it would be important to remember that summer and autumn home sales could likely be driven by people who are not first-time homebuyers. These might be people who are seeking to upgrade, down-size, or simply re-locate.

Perhaps some private-sector incentive plans might makes some sense… whether you work in real estate, home furnishings, home improvement, or other housing-related category.

Mike Anderson

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